Examlex
Which of the following explains the purpose of empowering employees?
Insourcing
The practice of performing business functions or services within a company using its own staff and resources, as opposed to outsourcing.
Outsourcing
The business practice of hiring third parties to perform services or create goods that were traditionally performed in-house.
Make or Buy
A decision-making process used by companies to determine whether they should produce goods internally or purchase them from an external supplier.
Indirect Spend
Expenses incurred for materials, services, and maintenance that do not directly contribute to the production of goods.
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